If a pure monopolist is operating in a range of output where demand is elastic and marginal revenue will be positive but declining.
The increased total revenue produced by increasing product sales by one unit is known as marginal revenue (or marginal benefit), and it is a key topic in microeconomics. To calculate marginal revenue, it is necessary to compare the aggregate advantages a firm gained from the quantity of a thing or service produced during the previous period and the present period with an additional unit increase in the rate of production. In the context of a firm, marginal revenue is a vital instrument for economic decision-making, along with marginal cost must be taken into account. In a market with perfect competition, the additional revenue from selling a single unit of a good is equal to the price the business can charge the buyer.
To learn more about marginal revenue, visit:
https://brainly.com/question/13617399
#SPJ4
